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You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends. Year Beginning of
| You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends. |
| Year | Beginning of Year Price | # of Shares Bought or Sold |
| 2008 | $85 | 220bought |
| 2009 | $90 | 170bought |
| 2010 | $86 | 195sold |
| 2011 | $89 | 195sold |
| What is the geometric average return for the period? |
3.10%
1.16%
1.54%
2.33%
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